Underwriting Audit Specialist
3 months ago
Johannesburg, Saudi Arabia
Santam Insurance
Full time
What will make you successful in this role?
- Perform objective audit reviews within the underwriting processes at Santam Ltd, its subsidiaries, portfolio managers and underwriting agencies;
- Assist with audit planning in terms of assignment objectives and scope of work;
- Responsible for audit execution; reporting in an effective and timely manner and follow-up processes;
- Advise on practical recommendations;
- Follow up on audit issues raised and provide input into the reports to the Santam Audit Committee and other governance structures as required;
- Maintain quality standards in terms of the audit methodology, approach and documentation of work performed; and
- Building relations with partners and various key stakeholders.
Qualification and Experience
- Bachelor’s Degree / Advanced Certificate in Short Term Insurance would be advantageous;
- 5 to 7 years short term insurance knowledge, specifically in corporate and commercial insurance;
- Working knowledge and understanding of treaty, facultative reinsurance processes and reinsurance accounting would be advantageous;
- Understanding of an outsourced business model; and
- Experience in performing underwriting and reinsurance reviews would be advantageous.
Knowledge and Skills
- Knowledge of personal lines, commercial products, assets all risk policies and other business processes including reinsurance;
- Working knowledge of legislation, regulations applicable to the financial industry FAIS, Insurance Act, TCF, POPi and supporting regulations i.e.: Prudential Authority knowledge of the Governance and Financial Standards of InsurersGOI and FSI
- General knowledge of various insurance software applications and knowledge of Microsoft Office Excel, Word, PowerPoint and DrawIo at intermediate or advanced;
- Facilitation skills and ability to influence individuals, groups and teams;
- Strong verbal and written communication skills;
- Stakeholder management skills;
- Influencing and negotiation skills;
- Excellent interpersonal, communication and networking skills across all levels;
- Strong integrity and dealing with confidentiality;
- Report writing skills;
- Professionalism, excellent judgement, use of discretion and problem-solving abilities;
- Ability to work and make decisions independently; and
- Influencing/ Gaining Commitment.